--- title: "1620 Avenue I #502, New York City, NY 11230" description: "1620 Avenue I #502, New York City, NY 11230 — Midwood, New York City, NY. Listing Price $439,000. In contract 5/5/2026. 2 bed, 1 bath Illustrative Buyer Commission Share of $6,585 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11230/1620-avenue-i-502-ny-11230" source: "Real Estate Rebate Team" status: "Pending" --- # 1620 Avenue I #502, New York City, NY 11230 Midwood, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $439,000 - **Status**: In contract 5/5/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 2 - **Baths**: 1 - **Common Charges**: $1,050 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $439,000 - **Illustrative Buyer Commission Share**: -$6,585* - **Illustrative Net Cost**: $432,415 *Illustrative Buyer Savings of $6,585 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![1620 Avenue I #502, New York City, NY 11230 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1ab6b1fe-f57b-454e-afcc-c34a53ac2293.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/64ac3dc8-6271-4cc6-9b65-c1a7a28041e0.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e4e57157-7037-448a-b61d-5fcbf7d2cd7d.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3f9cbd7d-574e-48a6-b2b0-b9d47a8ede66.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a44e2b85-eaad-43dd-b574-beb0e829514f.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/99cd5354-bba0-4bca-896d-400ba6f8399f.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c41d55dd-206f-4265-a506-64bd79089a4f.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7e02cd8b-04c0-4630-936c-be73a839899a.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1c1dc8a4-15ff-4dc2-a316-826ed4ae7d4f.jpg) ![1620 Avenue I #502, New York City, NY 11230 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b1b8b898-286f-4bed-8c80-c9593aa1e358.jpg) ## Property Overview THE WATERFALL APARTMENTS - 1620 Avenue I, Apt. 502 A Prewar Garden Residence with Private Terrace Discover an exceptional offering within one of Midwood's most distinctive and coveted cooperative communities - The Waterfall Apartments, a serene, park-like enclave known for its lush grounds, architectural charm, and tranquil ambiance. Tucked behind beautifully landscaped gardens, this elegant prewar Junior-4 residence delivers a rare combination of classic character, modern comfort, and private outdoor living. From the moment you arrive, the property sets itself apart. A dramatic landscaped waterfall and koi pond create a breathtaking first impression, welcoming you home with a sense of calm rarely found in New York City. The grounds feel more like a private garden estate than a typical residential complex. Inside, this thoughtfully converted two-bedroom home features a gracious, flowing layout highlighted by timeless prewar details and generous proportions. A spacious dining foyer introduces the residence and leads to a striking sunken living room - a signature architectural element that adds depth, warmth, and understated sophistication. Oversized windows flood the home with natural light throughout the day, enhancing the airy, inviting atmosphere. A true highlight of the residence is the private terrace, offering a peaceful outdoor retreat ideal for morning coffee, quiet relaxation, al fresco dining, or enjoying spectacular sunset views in complete privacy. The renovated windowed kitchen is both refined and highly functional, featuring granite countertops, stainless steel appliances, and the convenience of dual sinks. Beautiful wood floors extend throughout the home, reinforcing its cohesive elegance. The generously sized primary bedroom includes wall-to-wall closets that provide exceptional storage, while the second bedroom offers flexibility for guests, a home office, or additional living space. A windowed full bathroom ensures natural light and ventilation, and the inclusion of an in-unit washer and dryer adds a level of everyday convenience seldom found in prewar cooperatives. The Waterfall Apartments offers a truly elevated residential experience defined by greenery, privacy, and classic design. Residents enjoy an elegant attended lobby with a part-time doorman, meticulously maintained grounds, a signature waterfall garden with koi pond, and an expansive private gated community garden filled with fruit and nut trees where residents may cultivate their own planting beds. A large private park reserved exclusively for shareholders provides a rare sense of space and tranquility within the city. On-site maintenance staff ensure attentive care of the property, while garage parking and storage are available via waiting list. The building is pet friendly (Board approval required), subletting is permitted after one year with board approval, and street parking in the immediate area is notably accessible for the neighborhood. Perfectly positioned for both serenity and convenience, the building is located less than one block from the Q subway line, providing a swift commute to Manhattan. Express bus service is nearby, along with Brooklyn College, a New York Public Library branch, houses of worship, and the vibrant shopping and dining corridor along Flatbush Avenue. Residences in a unique garden community with its private outdoor space, refined upgrades, classic prewar architecture, and resort-like grounds, this home represents a truly special opportunity to enjoy peaceful, garden-style living while remaining connected to the energy of Brooklyn and Manhattan. Experience the rare combination of elegance, tranquility, and convenience at The Waterfall Apartments - a true urban sanctuary in the heart of Midwood. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Baths**: 1 - **Rooms**: 5 - **Stories**: 6 - **Year Built**: 1941 - **Common Charges**: $1,050 / Monthly - **Listed On**: Feb 20, 2026 - **Days on Market**: 209 Days ### Residence Features - Building Other - Washer Hookup - In Unit - Private Outdoor Space Over 60 Sqft - Washer Dryer Allowed - City Lights - City - Panoramic ## Estimated Monthly Payment **$3,270 / month**, assuming a 20% down payment ($87,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,220 - **Common Charges**: $1,050 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 12 apartments at THE WATERFALL APART have recorded sales since September 2021, the most recent for $500,000 in July 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | [307](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11230/1620-avenue-i-307-ny-11230) (Apartment) | 3 | — | $500,000 | — | July 28, 2026 | City record · MLS | | 408 (Apartment) | — | — | $685,000 | — | March 24, 2026 | City record | | 507 (Apartment) | — | — | $600,000 | — | March 2, 2026 | City record | | 216 (Apartment) | 2 | 1,000 | $382,500 | $383/ft² | July 22, 2025 | City record · MLS | | 204 (Apartment) | 1 | 700 | $310,000 | $443/ft² | November 22, 2024 | City record · MLS | | C3 (Apartment) | — | — | $250,000 | — | November 7, 2024 | City record | | 103 (Apartment) | — | — | $178,000 | — | August 15, 2024 | City record | | 108 (Apartment) | — | — | $800,000 | — | January 18, 2024 | City record | | 410 (Apartment) | — | — | $352,000 | — | November 30, 2023 | City record | | 204 (Apartment) | 1 | 700 | $275,000 | $393/ft² | September 12, 2023 | City record | | 301 (Apartment) | 2 | — | $372,000 | — | May 11, 2022 | City record · MLS | | 302 (Apartment) | — | — | $352,000 | — | March 14, 2022 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares - **This home**: $439,000 - **Median sold price**: $445,000 - **Difference**: -$6,000 (-1.3%) - **Comparable sales**: 22 - **Sales from**: September 2024 – July 2026 - **Middle half of those sales**: $403,550 – $486,750 Based on co-op two-bedroom sales in Midwood. Square footage is recorded for only 9 of these 22 sales (41%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Midwood instead. ### How these sales were negotiated - **Sale-to-list price**: 97.8% (20 sales) - **Sold below asking**: 70% (20 sales) - **Typical time to find a buyer**: 78 days (19 sales) - **Typical time to close**: 72 days (19 sales) Based on co-op two-bedroom sales in Midwood with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median sale price, co-op two-bedroom sales in Midwood | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $363,500 | 10 | | 2019 | $472,000 | 11 | | 2020 | $467,000 | 11 | | 2021 | $447,500 | 12 | | 2022 | $437,500 | 18 | | 2025 | $445,000 | 16 | Based on recorded co-op two-bedroom sales in Midwood. Sales data through July 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at THE WATERFALL APART](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-waterfall-apart) ## Price and Property History for 1620 Avenue I, Unit 502 Review the recorded listing activity for 1620 Avenue I, Unit 502, including asking-price changes and prior market dates. - **Entered contract**: May 5, 2026 - **Last sold (recorded)**: $345,000 on March 18, 2019 | Date | Price | Listing event | | --- | --- | --- | | May 5, 2026 | $439,000 | Entered contract | | February 20, 2026 | $439,000 | Listed for sale by Douglas Elliman Real Estate | | March 18, 2019 | $345,000 | Sold — recorded sale price | | January 2, 2019 | $345,000 | Entered contract | | August 15, 2018 | $345,000 | Asking price reduced by $5,000, or 1.4% | | July 5, 2018 | $345,000 | Listed for sale by Compass | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 129 apartments. The corporation’s 2026 property tax bill was $579,579 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for THE WATERFALL APART](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-waterfall-apart) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### THE WATERFALL APART Midwood · Stock Cooperative 1620 Avenue I, Brooklyn, NY 11230 A building in Midwood, currently featuring 0 active listings. - **Year Built**: 1941 - **Active Units**: 0 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-waterfall-apart) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [502](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11230/1620-avenue-i-502-ny-11230) | 2 | 1 | — | — | $439,000 — In contract | Douglas Elliman Real Estate | Feb 20, 2026 | 209 days | ### Recently Sold (1) | Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [307](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11230/1620-avenue-i-307-ny-11230) | 3 | 2 | — | — | $500,000 | Douglas Elliman Real Estate | Oct 8, 2025 | Jul 28, 2026 | ## Midwood Overview of Midwood [Explore Midwood](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/midwood) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Midwood - [Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatbush) - [Marine Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/marine-park) - [Kensington real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/kensington) - [Flatlands real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatlands) - [Borough Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/borough-park) - [Sheepshead Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/sheepshead-bay) ## Related Links - [THE WATERFALL APART — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/the-waterfall-apart) - [Midwood neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/midwood) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.